Tesla, Inc. $TSLA Stock: Kestra Private Wealth Services LLC Boosts Stake

Kestra Private Wealth Services LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.9% during the 3rd quarter, Holdings Channel reports. The firm owned 187,822 shares of the electric vehicle producer’s stock after buying an additional 3,591 shares during the period. Tesla comprises about 0.7% of Kestra Private Wealth Services LLC’s investment portfolio, making the stock its 22nd biggest position. Kestra Private Wealth Services LLC’s holdings in Tesla were worth $66,641,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSLA. State Street Corp grew its stake in shares of Tesla by 2.4% in the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock valued at $49,402,312,000 after buying an additional 2,761,298 shares in the last quarter. Legal & General Group Plc acquired a new position in Tesla during the second quarter worth $8,535,612,000. Amundi increased its holdings in Tesla by 14.0% during the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock worth $8,243,513,000 after buying an additional 2,727,141 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Tesla during the second quarter worth $6,083,630,000. Finally, Bamco Inc. NY raised its position in Tesla by 5.0% during the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock worth $5,267,911,000 after acquiring an additional 591,243 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is currently owned by corporate insiders.

Tesla Price Performance

Shares of TSLA opened at $385.19 on Thursday. The company’s 50-day moving average is $372.12 and its 200-day moving average is $385.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39. The firm has a market capitalization of $1.52 trillion, a PE ratio of 423.29, a PEG ratio of 24.68 and a beta of 1.74. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The business had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. Tesla’s revenue was down .2% compared to the same quarter last year. Equities analysts forecast that Tesla, Inc. will post 0.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on TSLA. TD Cowen began coverage on shares of Tesla in a research report on Monday, October 26th. They issued a “hold” rating for the company. Barclays upgraded shares of Tesla from an “outperform” rating to an “overweight” rating and boosted their price objective for the stock from $370.00 to $450.00 in a research note on Monday, October 26th. Wall Street Zen cut shares of Tesla from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Citigroup reiterated a “neutral” rating on shares of Tesla in a research note on Wednesday, October 21st. Finally, Roth Capital reiterated a “buy” rating and set a $505.00 price target on shares of Tesla in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $414.51.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla expanded its robotaxi service to Fort Worth, extending a still-early rollout beyond Austin. The move supports the autonomy growth story, though the service has not yet shown meaningful profitability. Robotaxi service expands to Fort Worth
• Positive Sentiment: Tesla’s goal of building up to one million Optimus robots in 2027 points to a potential growth opportunity in robotics, although the plan remains an execution challenge. Tesla’s Optimus production plans
• Neutral Sentiment: Tesla reported a 10.3% year-over-year increase in China-made EV sales in October, but another report noted that wholesale sales fell sequentially. The mixed signals make it unclear whether demand is strengthening. Tesla China-made EV sales
• Negative Sentiment: Democratic election victories raised investor concerns about increased oversight of AI, data centers and Musk-linked projects, as well as uncertainty around a possible Tesla–SpaceX merger. Musk’s political involvement may also bring added scrutiny. Tesla and SpaceX shares slide after election results
• Negative Sentiment: A South Korean consumer group alleged Tesla misled customers about its automated-driving technology, creating potential legal and reputational risk. South Korean consumer group allegation
• Negative Sentiment: Reports also highlighted rising spending and margin pressure: Polen Capital said Tesla detracted from its large-growth strategy, with record revenue not offsetting investor concerns about costs and profitability. Tesla weighs on Polen Capital’s strategy

Tesla Profile

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.